Ahmad Alagbari Chartered AccountantAhmad Alagbari Chartered AccountantAhmad Alagbari Chartered Accountant
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Audit & Compliance

FAQs on Ultimate Beneficial Owner
16 Jan 23

Ultimate Beneficial Owner UAE FAQs

    What is an Ultimate Beneficial Owner? The natural person who ultimately owns or controls the Legal Person, whether directly or through a chain of ownership or control or any-other indirect means, and also the natural person on whose behalf the transactions are being conducted or who exercises ultimate control over…
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    FAQs AML
    13 Jan 23

    Anti-Money Laundering FAQs

      What is Money Laundering? Money laundering is defined as any financial or banking transaction aimed at concealing or changing the source of illegally obtained funds, by passing it through the financial and banking system in order to make it appear as originating from legitimate sources, and then re-pumping and investing…
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      Letter of Credit
      03 Oct 22

      LETTER OF CREDIT -TRADE FINANCE SOLUTION

        WHAT IS A LETTER OF CREDIT? A Letter of Credit (LC) is a document issued by a bank or other financial institution to another party that provides evidence of financial obligations. It can be used in international trade between parties who have no direct contact, such as buyers and sellers…
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        Corporate Fraud Prevention
        29 Aug 22

        DETECTING AND DETERRING ASSET MISAPPROPRIATION

          What is Misappropriation of Assets? Asset misappropriation fraud involves third parties or employees in an organization who abuse their position to steal from it through fraudulent activity. It can also be known as insider fraud. Misappropriation can occur at any stage of routine business operations; before assets are recorded, while…
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          INVOICE FRAUD AND ITS PREVENTION
          15 Aug 22

          GUIDE TO SPOT INVOICE FRAUD AND ITS PREVENTION

            Fraud can happen at any time and to any company. Do you know the ways to protect yourself and your business? Organizations throughout history, regardless of size, have been susceptible to some form of invoice fraud. Research reveals small and medium-sized businesses are at more risk of being targeted for…
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            KEY ELEMENTS OF EFFECTIVE AML TRANSACTION MONITORING
            12 Aug 22

            KEY ELEMENTS OF EFFECTIVE AML TRANSACTION MONITORING

              Transaction monitoring is a key part in the defense against money laundering and financial crime. It is the process of identifying and reviewing anomalous activity and transactions before deciding to report any suspicious activity to law enforcement. To conduct adequate transaction monitoring today, is an uphill battle on multiple fronts.…
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